HD FIRE PROTECT LIMITED ANNOUNCED ITS IPO TO OPEN ON TUESDAY, OCTOBER 13, 2026 Price Band fixed at ₹ 258 to ₹ 271 per equity share of face value of ₹5 each of HD Fire Protect Limited

Photo Caption (L-R): Mr. Sandeep Sharma, Managing Director, Ambit Private Limited; Mr. Hitesh Dedhia, Chief Financial Officer, HD Fire Protect; Mr. Anik Dharamshi, Whole-Time Director, HD Fire Protect; Mr. Harish Dharamshi, Chairman and Managing Director, HD Fire Protect; Mr. Miheer Ghotikar, Whole-Time Director; HD Fire Protect; Ms. Parika Ghotikar, Whole-Time Director, HD Fire Protect; Mr. Prashant Rao, Executive Director; Anand Rathi Advisors Limited; Mr. Devendra Maydeo, Senior Vice President, IIFL Capital Services Limited during the IPO conference on Mumbai – Sumant Gajinkar GNI

Harish Dharamshi CMD HD FIRE PROJECT

Harish Dhrasmshi CMD HD FIRE PROJECT

HD FIRE PROTECT LIMITED IPO TO OPEN ON TUESDAY, OCTOBER 13, 2026
Price Band fixed at ₹ 258 to ₹ 271 per equity share of face value of ₹5 each of HD Fire Protect Limited (“Equity Shares”);

The Floor Price is 51.60 times the face value of Equity Shares and the Cap Price is 54.20 times the face value of the Equity Shares; 

Bid /Offer will open on Tuesday, October 13, 2026 and close on Thursday, October 15, 2026. The Anchor Investor Bidding Date is Monday, October 12, 2026; 

Bids can be made for a minimum of 55 Equity Shares and in multiples of 55 Equity Shares thereafter; 

A discount of ₹25 per Equity share is being offered to Eligible Employees bidding in the Employee Reservation Portion.

Red Herring Prospectus dated October 05, 2026 link: https://www.anandrathiib.com/pdf/documents/Udaan-RHP-(Filing%20Version).pdf

Mumbai, 07 October 2026 (GNI) :  HD Fire Protect Limited (the “Company”) will open the bid/offer in relation to its initial public offering of the equity shares on Tuesday, October 13, 2026. The Bid/Offer will close on Thursday, October 15, 2026.
The Anchor Investor Bidding Date shall be Monday, October 12, 2026.
Bids can be made for a minimum of 55 Equity Shares and in multiples of 55 Equity Shares thereafter.
Price Band fixed at ₹ 258 to ₹ 271 per Equity Share.
The Offer comprises an Offer for Sale of up to 26,284,500 Equity Shares of face value of ₹5 each by the Promoter Selling Shareholders, comprising an Offer for Sale of up to 8,983,700 Equity Shares of face value of ₹5 each by Harish Narshi Dharamshi and up to 17,300,800 Equity Shares of face value of ₹5 each by Kusum Harish Dharamshi. There is no Fresh Issue component in the Offer.
A discount of ₹25 per Equity share is being offered to Eligible Employees bidding in the Employee Reservation Portion.
The Equity Shares to be offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges, being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”). For the purposes of the Offer, BSE is the Designated Stock Exchange.
The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein, in terms of Regulation 32(1) of the SEBI ICDR Regulations, not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”), provided that our Company may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”). 40% of the Anchor Investor Portion shall be reserved as follows (i) 33.33% for domestic Mutual Funds and (ii) 6.67% for Life Insurance Companies and Pension Funds, subject to valid Bids being received from the domestic Mutual Funds or Life Insurance Companies and Pension Funds, as applicable, at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations.
In the event of under-subscription in (ii) above, the allocation may be made to domestic Mutual Funds. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from the Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation will be added to the remaining QIB Portion for proportionate allocation to QIBs.
Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders (“NIBs”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price, out of which (a) one-third of such portion shall be reserved for Bidders with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two-thirds of such portion shall be reserved for Bidders with application size of more than ₹1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in the other sub-category of Non-Institutional Bidders; and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
Further, Equity Shares of face value of ₹5 each will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them (net of Employee Discount, if any, as applicable). All potential Bidders (except Anchor Investors) are mandatorily required to utilize the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI mechanism, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the SCSBs or by the Sponsor Bank(s) under the UPI mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process.
Ambit Private Limited, Anand Rathi Advisors Limited and IIFL Capital Services Limited (Formerly IIFL Securities Limited) are the Book Running Lead Managers to the Offer.  

The RHP shall be available on the website of SEBI at www.sebi.gov.in, Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and is available on the website of the Company at www.hdfire.com and on the websites of the Book Running Lead Managers (“BRLMs”) i.e., Ambit Private Limited, Anand Rathi Advisors Limited and IIFL Capital Services Limited at www.ambit.co, www.anandrathiib.com and www.iiflcap.com, respectively.eom GNI